STRATEGIC BUSINESS REPORTING (SBR) - INT

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              Syllabus

• Apply fundamental ethical and professional principles to ethical dilemmas and discuss the consequences of unethical behaviour 
• Evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation 
• Apply professional judgement in the reporting of the financial performance of a range of entities 
• Prepare the financial statements of groups of entities Interpret financial statements for different stakeholders 
• Communicate the impact of changes and potential changes in accounting regulation on financial reporting.
   

              Core Areas

• Fundamental ethical and professional principle
• The financial reporting framework 
• Reporting the financial performance of a range of entities 
• Financial statements of groups of entities 
• Interpret financial statements for different stakeholders 
• The impact of changes and potential changes in accounting regulation
   

               Examinability

The syllabus is assessed by a three-hour and fifteen minutes examination computer-based.

           SECTION A 

• Section A will consist of 2 scenario based questions that will total 50 marks. 
• The Q1 of 30 marks will be based on the financial statements of group entities, or extracts thereof, and is also likely to require consideration of some financial reporting issues . Candidates should understand that in addition to the consideration of the numerical aspects of group accounting (max 25 marks), a discussion and explanation of these numbers will also be required. 
• The Q2 in Section A of 20 marks, will require candidates to consider the reporting and the ethical implications of specific events in a given scenario.

           SECTION B 

• Students will be required to answer a further 2 25-mark questions in Section B, which may be scenario or case-study or essay based and will contain both discursive and computational elements. Section B could deal with any aspect of the syllabus but will always include either a full question, or part of a question, that requires the appraisal of financial and/or non-financial information from either the preparer’s or another stakeholder’s perspective. 
• Two professional marks will be awarded to both the ethical issues question in Section A and the question in Section B that requires analysis. 

From September 2023, the format of  Q1 in the SBR exam will be changing. Candidates will be presented with a 'pre-populated spreadsheet response option' containing a draft consolidated financial statement. One of the requirements will ask candidates to correct this spreadsheet for a range of issues. The accounting principles tested by the examination are not changing; the examination is simply testing the same application of knowledge by using a spreadsheet format. There will be 10-14 marks available for the spreadsheet requirement.